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ABAT

American Battery Technology Company (ABTC) (NASDAQ:ABAT) has been awarded a $20 million contract grant from the U.S. Department of Energy (DOE) for a project aimed at demonstrating and commercializing next-generation techniques for lithium-ion battery recycling processes. The goal is to manufacture low-cost and low-environmental impact domestic critical battery materials.

Portfolio Pulse from Charles Gross

September 27, 2023 | 10:13 am

GFS

GlobalFoundries has announced power-efficient advancements to its 22FDX platform at its annual tech summit. The improvements are expected to enhance the performance of the platform and make it more competitive in the market.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:04 am

IDYA

IDEAYA Biosciences, Inc. (IDYA) plans to provide updates on its IDE161 program in Q4 of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:03 am

IDYA

IDEAYA Biosciences has received FDA Fast Track designation for IDE161 in a second indication for the treatment of pretreated, advanced or metastatic HR+, Her2-, BRCA1/2 mutant breast cancer. This could potentially expedite the development and review of the drug.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:02 am

COHR

Coherent Corp. (NYSE:COHR) and Kinetic by Windstream have extended their partnership to enable 100G services at the edge of the network, leveraging the industry's first 100G QSFP28 0 dBm digital coherent optics (DCO) transceiver. The move is in response to the rapid growth of data traffic driven by enterprise and cloud networks, including AI and machine learning applications.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 10:02 am

GOOG

GOOGL

MSFT

Google Search, a product of Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), celebrates its 25th anniversary. The search engine, which originated from a Stanford research project, contributes 56% of Alphabet's total revenue. Despite competition from Microsoft Corp.'s (NASDAQ:MSFT) Bing, Google Search maintains a dominant market share of 91.8%. Alphabet's Class C shares rose 0.53% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

September 27, 2023 | 9:56 am

INDA

TM

Toyota Motor is planning to build a third car plant in India with an initial production capacity of 80,000-120,000 vehicles per year. The company has also begun development of a new SUV for the Indian market, expected to launch in early 2026.

Portfolio Pulse from Charles Gross

September 27, 2023 | 9:52 am

TSLA

Tesla Inc. is expanding access to its Magic Dock Superchargers for non-Tesla electric cars across North America. The company has been working over the past two years to open its Supercharger network to vehicles outside its own brand. In North America, the transition was complex due to Tesla’s use of its own proprietary connector, which it opened up to the market last year. Several automakers have announced they will adopt this connector, making it the unofficial new standard. Tesla has recently expanded Magic Dock Superchargers to several new stations and states, indicating continued investment in this solution.

Portfolio Pulse from Benzinga Neuro

September 27, 2023 | 9:44 am

GOOG

META

MSFT

TSLA

OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), is reportedly exploring a share sale that would increase the company's valuation to $90 billion, nearly tripling since April. The share sale would allow employees to sell their stakes without issuing new shares, preventing dilution of existing shareholders' stakes. OpenAI, which is 49% owned by Microsoft, has integrated its AI technology into various Microsoft products. The company expects to reach $1 billion in revenue by the end of 2023, largely due to the success of its ChatGPT product.

Portfolio Pulse from Rounak Jain

September 27, 2023 | 9:29 am

META

Meta's real-time messaging app Threads is experiencing slower growth due to competition with Elon Musk's X. The app debuted strongly in July but has since slid down the ranks of popular social media platforms. It is expected to have 23.7 million U.S. users in 2023, far behind Meta's other platforms, Facebook and Instagram, and ByteDance's TikTok, and Musk's X. Meta CEO Mark Zuckerberg has stated that the company has no immediate plans to monetize Threads until it is more established.

Portfolio Pulse from Benzinga Neuro

September 27, 2023 | 9:08 am